After Two Years Jobs Start to Fall in Brazil

In September, Brazilian industry interrupted a 2-year trend, when it had a higher number of job dismissals than new employments. In September, the number of industry workers dropped 0.03% in relation to August. But, when compared to September of last year, it increased 2.19%.

In spite of the reduction in job generation, the sum of the salaries of all industry workers’ keeps growing. In comparison to August, real salary improved 0.43% in September.

And when compared to September of last year, the increase was even higher: 7.43%. It is the seventh consecutive high for this indicator.

These data are presented in the Industrial Indicators report, released this Tuesday (8), by the National Confederation of Industry (CNI).

CNI economist, Paulo Mól, explained that this real salary improvement does not reflect a favorable industrial performance, but that it is a direct consequence of inflation reduction, which improved the purchasing power of salaries.

ABr

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